MANILA (Reuters): Wirecard AG on Monday (June 22) said there was a likelihood that the 1.9 billion euros (US$2.13 billion) reported missing from its accounts simply did not exist in the first place.
The scandal-hit German payments firm said it was also withdrawing its full-year 2019 and first-quarter 2020 financial results.
Additionally, the company said it is examining a range of possible measures to ensure continuation of its business operations, which include cost reductions, restructuring, disposal or termination of business units. The central bank of Philippines said on Sunday that none of the US$2.1 billion missing from Wirecard appeared to have entered the Philippine financial system.
The auditor was unable to confirm the existence of that amount in cash balances on trust accounts, representing about a quarter of Wirecard's balance sheet, the payments company said on Thursday.
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